Ala. Admin. Code r. 482-1-039-.01

Current through Register Vol. 43, No. 1, October 31, 2024

Section 482-1-039-.01 - Classification Of Certain Types Of Insurance As Inland Marine

(1) Effective January 1, 1964, insurance of the following described property when owned and used for pleasure and not for business, hire or other commercial use, shall be classified as Inland Marine insurance in this State:

(a) Outboard motors, including their equipment and appurtenances.

(b) Rowboats, canoes, and boats not exceeding 16 feed in overall length, measured on the center line and designed exclusively to be propelled by one or more outboard motors.

(c) Equipment and appurtenances, including boat carriers and trailers, used or designed for use with the above.

(2) Coverage of any of the property specified in the foregoing in conjunction with vessels not falling within subparagraph (b) need not be classified as Inland Marine insurance.

Ala. Admin. Code r. 482-1-039-.01

New Rule: December 17, 1963; effective January 1, 1964. Filed for codification in the Alabama Administrative Code by the Department of Insurance on April 18, 2008, pursuant to Code of Ala. 1975, § 27-7-43.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, § 27-13-22.